Page 3 Advertisements Column 3

Kumara Times, Issue 623, 26 September 1878, Page 3

PROSPECTUS OF THE UMAR A TAIL-RACE PANY (Limited). Capital, £3OOO ; iu 3000 Shares of l £1 each, i # i One Shilling per share on application ; ■ : Is. 6d. per share on allotment ; and j : Calls not to exceed Is. per share per j - month. • J7.’■ ' , ■ - ’r/-- - I . ' ' A ■■-.M i ■ ~7— ■ ... :! . .■- • V - , DIRECTORS’: - - Messrs | Edwin Blake; Kumara 1? : , • . . Cornfoot, Kaftmra .. •> : R. J, Seddnii; Henry. Brown, Kumara Philip. Cullen, Kumara L. J. Sayers, Ku mara William Porter,- Kumara Andrew Crawford, Kumara.. BANKERS : The Bank of New Zealand. j SECRETARY ; ■ William Nicholson. The object of the proposed Company is to complete a Tunnel Tail-Race from the Teremakau River to the Shamrock Lead, for the purpose of sluicing all adjacent ground, together with a Claim belonging to the Company, through which the lead of gold has been proved to. run. ; The ;Tunnel:than ibeen- driven, 2018. feet, and a shaft sunk 95 feet; iii • connection therewith, and it. isr.contera-.; plated to extend the Tunnel about 700 feet further, which,, when completed, will terminate at what is now known ta he jthe best Blhfcing inrthe /distinct. f ' The promoters are so sanguine of the undertaking proving ( a success that they are willing to accept. 600 paid-up shares in the new Company ih Tull pay.ment for the purchase of their rights for all labour done - and expenses incurred. The boxes will bo constructed to carry 30 government heads of water, thereby, enabling a large number of claims to sluice into it at a small rental, .which: would otherwise entail .a great amount of labour and expense ; in bringing in private tunnels' such a .d&tanee, ; viz.; 2700 feet - 7 The' promoters confidently express the opinion that the future operatip.ns of. the new ' Company will materially teiid to develope a very extensive -pori j tion of this district, which must of necessity largely increase the commercial' prosperity of Kumara. They therefore invite the attention of the public to the present undertaking as a. safe and payable investment. From the promises 06 support already received the promoters conclude that the Company will be floated on an early date; and, as soon as 1500 applications are received, will commence farther operations. Applications for Shares will be received by WILLIAM NICHOLSON, Opposite Public Hall, Main Road, COM-